Pay Advances

The Pay Advances Playbook series, a PYMNTS and Mastercard collaboration, is based on a survey of more than 2,200 gig workers. The Breaking The Paycheck-To-Paycheck Cycle edition examines how financially constrained gig workers feel about possibility receiving early payment for their ad hoc jobs.

 

 

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Key Findings in the Study Include:

  • 66.8 percent: Share of paycheck-to-paycheck gig workers who would consider switching to platforms that offer pay advances
  • 53.4 percent: Portion of paycheck-to-paycheck workers who would use pay advances to cover bills and expenses
  • 48.5 percent: Segment of paycheck-to-paycheck workers who believe pay advances would provide greater financial flexibility

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PYMNTS Series
Pay Advances Report - July 2019